Effects of Capital Markets Development on Economic Growth of Western Balkan Countries

European Journal of Economics, Finance and Administrative Sciences, No. 43, p. 88, 2011

11 Pages Posted: 1 Jan 2012 Last revised: 22 Jun 2015

See all articles by Artor R. Nuhiu

Artor R. Nuhiu

University of Prishtina - Faculty of Law

Arber H. Hoti

University of Prishtina - Faculty of Economics

Date Written: October 3, 2011

Abstract

Through this research paper we have tried to elaborate the issue whether capital market development is an alternative towards economic growth and economic prosperity of developing countries in general, the Western Balkan countries in particular. The focus of the paper is to study the effects of proper functioning of capital markets and their impact on increasing the level of savings, capital investments and in locating relevant resources for long-term financing of the economy. The research paper presents positive and negative arguments, linking the establishment and development of a capital market and its impact on economic development of developing countries, particularly Western Balkan countries.

Keywords: Financial markets, capital markets development, economic growth, Western Balkan contries, stock exchanges

JEL Classification: D53, E44, G15, O16

Suggested Citation

Nuhiu, Artor R. and Hoti, Arber H., Effects of Capital Markets Development on Economic Growth of Western Balkan Countries (October 3, 2011). European Journal of Economics, Finance and Administrative Sciences, No. 43, p. 88, 2011. Available at SSRN: https://ssrn.com/abstract=1977967

Artor R. Nuhiu (Contact Author)

University of Prishtina - Faculty of Law ( email )

Prishtina
Prishtina
Prishtina, KS Prishtina 10000
Albania

Arber H. Hoti

University of Prishtina - Faculty of Economics ( email )

Street “Bil Clinton” nr. n.n.
Ulpijanë Prishtinë
Bellobrad, KS Prishtinë 22060
Kosovo
+38649373681 (Phone)

HOME PAGE: http://www.uni-pr.edu

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